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Marketway West to go up for sheriff's sale

After the owner of a York city building got behind on payments, York County has suddenly found itself in the real estate business. A judge ruled that Marketway West defaulted on its mortgage. The hope is now that the old owners are gone, and Continental Square could see new life.

“We hope we get it over so somebody can do their thing,” said Steve Chronister, York County commissioner.

Chronister was once a realtor, and you could call him the county’s agent for a spot it’s looking to flip.

The previous owner of Marketway West owed $1.5 million before defaulting on the mortgage.

“We’re hoping that somebody comes in and pays us the money that’s due,” said Chronister.

Since Marketway West was owned by the county before, a judge put it back in the hands of the county. The spot that’s home to PNC Bank and other offices is valued at $3 million. Chronister says it could be a steal at a sheriff’s sale.

“I hope the money comes in. I hope somebody buys it at the sheriff’s sale and we can make it work first and foremost for the taxpayers and secondly for the city and the redevelopment of the city,” said Chronister.

You don’t need Chronister’s background to know this is prime real estate. Right on Continental Square, he thinks the building could be perfect for apartments.

“I think it would be a great use for at least the top floors. Having retail on the first floor would certainly fit into what’s needed at the square,” said Chronister.

It would be motivation for the city and for the county.

“I think it has tremendous potential with my real estate hat on. With my county commissioner hat on, I say let’s get the money and get out of the real estate business,” said Chronister.

It’s been business as usual for tenants, they are not going away because of the change. There is a chance the county might keep the building if does not get the price it wants. The sheriff’s sale is schedule for June 10.

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